TransMontaigne Partners L.P. (NYSE:TLP) declared a quarterly dividend on Tuesday, October 18th. Stockholders of record on Monday, October 31st will be paid a dividend of 0.70 per share on Monday, November 7th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 6.63%. The ex-dividend date is Thursday, October 27th. This is a positive change from TransMontaigne Partners L.P.’s previous quarterly dividend of $0.69.

TransMontaigne Partners L.P. (NYSE:TLP) opened at 42.22 on Wednesday. The company has a market capitalization of $681.09 million, a PE ratio of 22.52 and a beta of 0.48. TransMontaigne Partners L.P. has a 52 week low of $20.26 and a 52 week high of $46.45. The stock’s 50 day moving average price is $41.78 and its 200-day moving average price is $40.76.

TransMontaigne Partners L.P. (NYSE:TLP) last released its earnings results on Tuesday, August 9th. The company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.01. The firm had revenue of $41.14 million for the quarter, compared to analysts’ expectations of $39.80 million. During the same quarter last year, the firm posted $0.64 EPS. The firm’s quarterly revenue was up 11.1% compared to the same quarter last year. On average, equities research analysts predict that TransMontaigne Partners L.P. will post $1.90 earnings per share for the current fiscal year.

Dividend History for TransMontaigne Partners L.P. (NYSE:TLP)

TLP has been the topic of a number of analyst reports. Stifel Nicolaus lifted their target price on shares of TransMontaigne Partners L.P. from $45.00 to $47.00 and gave the company a “buy” rating in a research note on Wednesday, August 10th. Zacks Investment Research upgraded shares of TransMontaigne Partners L.P. from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 6th. Mitsubishi UFJ Financial Group initiated coverage on shares of TransMontaigne Partners L.P. in a research note on Thursday, September 1st. They set a “neutral” rating and a $47.00 target price on the stock. DA Davidson initiated coverage on shares of TransMontaigne Partners L.P. in a research note on Thursday, August 18th. They set a “neutral” rating and a $42.50 target price on the stock. Finally, FBR & Co initiated coverage on shares of TransMontaigne Partners L.P. in a research note on Friday, September 9th. They set an “outperform” rating and a $49.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. TransMontaigne Partners L.P. has a consensus rating of “Buy” and an average target price of $46.38.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. raised its stake in TransMontaigne Partners L.P. by 304.7% in the second quarter. JPMorgan Chase & Co. now owns 6,228 shares of the company’s stock worth $256,000 after buying an additional 4,689 shares during the last quarter. Fic Capital Inc. raised its stake in TransMontaigne Partners L.P. by 4.5% in the second quarter. Fic Capital Inc. now owns 64,192 shares of the company’s stock worth $2,638,000 after buying an additional 2,737 shares during the last quarter. Finally, Guggenheim Capital LLC raised its stake in TransMontaigne Partners L.P. by 2.8% in the second quarter. Guggenheim Capital LLC now owns 84,948 shares of the company’s stock worth $3,491,000 after buying an additional 2,333 shares during the last quarter.

TransMontaigne Partners L.P. Company Profile

TransMontaigne Partners L.P. (TransMontaigne Partners) is a terminaling and transportation company with operations in the United States along the Gulf Coast, in the Midwest, in Brownsville, Texas, along the Mississippi and Ohio Rivers, and in the Southeast. Its segments are Gulf Coast terminals, Midwest terminals and pipeline system, Brownsville terminals, River terminals and Southeast terminals.

5 Day Chart for NYSE:TLP

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